Billionaire businessman Femi Otedola has praised Aliko Dangote for the successful launch of his $20 billion refinery in Lagos.
He described it as a monumental achievement that has the potential to reshape Nigeria’s economic landscape.
In a social media post on Tuesday, September 3, Otedola congratulated Dangote, emphasising the refinery’s significance in reducing Nigeria’s dependency on foreign oil.
Statement From Otedola About Dangote Refinery
“You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long,” Otedola declared.
With a capacity of 650,000 barrels per day, the Dangote Refinery is now producing aviation fuel, diesel, and petrol.
Otedola noted that this development signals the end of an era for the local oil cabals who have profited from Nigeria’s reliance on imported fuel.
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“You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic slavery,” he stated.
Victory To All Nigerians
Drawing parallels to Dangote’s previous revolution in the cement industry, Otedola suggested that fuel imports might soon become obsolete.
However, he urged depot owners to adapt, or risk being left behind.
“The world has changed, and those who do not adapt will be left behind,” he warned.
Otedola concluded his message by expressing deep admiration for Dangote.
He called the refinery’s success a victory for not just Dangote but all Nigerians.
This is coming on the same day that the Nigerian National Petroleum Company increased the price of petrol from ₦568 to ₦855.
It is a situation that will further cause increase in the price of commodities, forcing inflation even higher.